Dexus Prop (DXS) - Research

$13.545 0.105 (0.77%)

DXS General Information +

ASX Code DXS
Website http://www.dexus.com.au
GICS Sub-Industry Office REITs
Market Cap ($M) 14,856
Current Price $13.545
Day High $13.740
Day Low $13.530
Last Close $13.650
Price Movement $0.11 ( 0.77% )
Prices as at 10:40, 19 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Dexus Prop (DXS)
BUY
below
HOLD
up to
SELL
above
Current Price
$13.545 as at 10:40, 19 Jun 2019

Price at review
$13.545 on 08 May 19

Max Portfolio Weighting

Business Risk

Share Price Risk

DXS Related Research

DXS Company Overview

Business Description

Dexus Prop (DXS, formerly Dexus Property Group) is an Australian real estate groups focusing in owning, managing and developing office, industrial and retail properties. DXS's areas of operation include direct property portfolio which directly invests in Australian office and industrial properties; and third party fund management which manages office, industrial and retail properties located in Australian markets.

DXS Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 738.65 67.67 1.90% 20.17 52.70 3.86% 0.0%
2019 F 678.20 66.43 -1.50% 20.55 50.19 3.68% 0.0%
2018 A 653.30 67.45 5.80% 14.23 47.80 4.98% 0.0%

DXS Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Centuria Metropolitan Reit (CMA) $1,001M -0.1044 0.0000 0.0000 14.6813 0.0000 0.0000 6.44% 0.00% 0.00%
Cromwell Property (CMW) $2,684M -0.1655 0.0950 -0.0166 16.7598 15.3061 15.5642 6.91% 6.04% 5.94%
Dexus (DXS) $14,819M 0.0324 -0.1474 0.0344 15.7130 18.4286 17.8162 3.54% 3.72% 3.90%
GDI Property (GDI) $772M 0.6859 0.0000 0.0000 15.7663 0.0000 0.0000 5.42% 0.00% 0.00%

DXS Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.77 18.50 1.38 0.00
Market 0.88 17.10 1.49 1.65
Sector 0.77 17.20 1.12 1.39

DXS Directors

Name Position Start Date
Mr Darren Joseph Steinberg Chief Executive Officer, Executive Director 1 Mar 2012
Mr John Craig Conde Non-Executive Director 29 Apr 2009
Mr Mark Henry Ford Non-Executive Director 1 Nov 2016
Mr Peter Bligh St George Non-Executive Director 29 Apr 2009
Ms Penelope (Penny) Bingham-Hall Non-Executive Director 10 Jun 2014
Ms Tonianne Dwyer Non-Executive Director 24 Aug 2011
Hon Nicola Roxon Non-Executive Director 1 Sep 2017
Mr Wallace Richard Sheppard Non-Executive Director, Non-Executive Chairman 1 Jan 2012

DXS Management

Name Position
Alison C Harrop Chief Financial Officer
Ross G Du Vernet Chief Investment Officer
Scott Peter Mahony Company Secretary
Brett D Cameron Company Secretary,General Councel
Deborah C Coakley Executive General Manager, Funds Management
Kevin L George Executive General Manager, Office & Industrial

DXS Substantial Shareholders

Holding Name
87,569,418 (9.05%) Vanguard Group
7,955,806 (7.82%) BlackRock Group
57,873,621 (5.98%) State Street Corporation and subsidiaries

DXS Calendar of Events

Date Event
05 February 2020 Report (Interim)
14 August 2019 Report (Annual)
14 August 2019 Report (Prelim)

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